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Data Science Platform Market Technological Growth Map over Time to Understand the Industry Growth Rate
The global data fabric market is witnessing rapid revenue growth, mainly due to the rising adoption of automation and digitization across the industries. Data fabric architecture has emerged as an innovative solution to facilitate data exchange in many disparate business systems. Resultantly, data fabric perceives vast demand from BFSI, automotive, retail, healthcare, and e-commerce sectors.
Furthermore,
rapid adoption of disruptive technologies such as wearable, mobile, big data,
virtual reality, sensors, and robotics accelerate market growth. Also, the vast
adoption of cloud-based services and advanced algorithms deployment in BFSI and
retail & manufacturing sectors drive the data fabric industry.
The report is segmented into types, applications, services, verticals, and regions. The type segment is sub-segmented into disk-based and in-memory. The application segment is sub-segmented into business process management, GRC (governance, risk management, compliance) management, fraud detection, customer experience management, security management, and others.
The service
segment is bifurcated into managed and professional services. The vertical
segment is sub-segmented into BFSI, healthcare, automotive, retail &
e-commerce, media & entertainment, energy & utilities, and others. The
region segment is sub-segmented into Asia Pacific, North America, Europe, and
the Rest-of-the-World.
North America
leads the global data fabric market, mainly due to the strong presence of
well-established players and development centers. Besides, increasing R&D
investments in developing automation technologies and services drive the
regional market growth, allowing the early adoption of digital transformation
and advanced technologies. Moreover, the increasing adoption of digital
automation across the end-user industries boosts the region’s data fabric
market size.
Global Data
Fabric Market - Competitive Landscape
Highly
competitive, the data fabric market appears fragmented, with several
well-established players forming a competitive landscape. To support their
growth and expansion plans, players adopt strategies, such as mergers &
acquisitions, collaboration, expansion, and innovations. They strive to deliver
reliable, leading-edge products and services, investing substantially in
R&D to develop adept technologies and products.
Major
Players:
Players
leading the data fabric market include Informatica (US), Splunk Inc. (US), SAP
SE (Germany), Syncsort Inc. (US), IBM Corporation (US), Denodo (US), Global DS
(US), K2 View (US), Oracle Corporation (US), and Teradata Corporation (US),
among others.
Industry/Innovation/Related
News:
Aug. 11, 2021
--- Talend, a data integration company, announced the addition
of a spate of innovations to its data fabric. Talend Data Fabric is a
governance platform designed to manage the health of corporate information.
These
enhancements would allow data professionals to access new integrations to
leading cloud intelligence platforms as well as a self-service API portal and
private connections between Amazon AWS and Microsoft Azure to ensure data
security.
Browse Complete Report Here:
https://www.marketresearchfuture.com/reports/data-fabric-market-4873
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